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AMFORGE INDUSTRIES (India) Probability of Target Price Finishing Over Current Price

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AMFORG -- India Stock  

INR 0.77  0.00  0.00%

AMFORGE INDUSTRIES probability of target price tool provides mechanism to make assumptions about upside and downside potential of AMFORGE INDUSTRIES LTD performance during a given time horizon utilizing its historical volatility. Please specify AMFORGE INDUSTRIES time horizon, a valid symbol (red box) and a target price (blue box) you would like AMFORGE INDUSTRIES odds to be computed. Please continue to Trending Equities.
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AMFORGE INDUSTRIES Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.77 30 days 0.77 
about 82.63
Based on normal probability distribution, the odds of AMFORGE INDUSTRIES to move above current price in 30 days from now is about 82.63 (This AMFORGE INDUSTRIES LTD probability density function shows the probability of AMFORGE INDUSTRIES Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, AMFORGE INDUSTRIES has beta of 0.1235 . This suggests as returns on market go up, AMFORGE INDUSTRIES average returns are expected to increase less than the benchmark. However during bear market, the loss on holding AMFORGE INDUSTRIES LTD will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. AMFORGE INDUSTRIES LTD is significantly underperforming DOW.
 AMFORGE INDUSTRIES Price Density 
    
  Price 
α
Alpha over DOW
=0.28
β
Beta against DOW=0.12
σ
Overall volatility
=0.15
Ir
Information ratio =0.08

AMFORGE INDUSTRIES Alerts and Suggestions

AMFORGE INDUSTRIES is not yet fully synchronised with the market data
AMFORGE INDUSTRIES generates negative expected return over the last 30 days
AMFORGE INDUSTRIES has some characteristics of a very speculative penny stock
AMFORGE INDUSTRIES has high historical volatility and very poor performance
AMFORGE INDUSTRIES has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 38.54 M in total debt with debt to equity ratio (D/E) of 38.1 indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. AMFORGE INDUSTRIES LTD has Current Ratio of 0.09 indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
AMFORGE INDUSTRIE has accumulated about 1.25 M in cash with (109.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.

AMFORGE INDUSTRIESPrice Density Drivers

Float Shares5.13M
Average Daily Volume Last 10 Day190
Average Daily Volume In Three Month656